San Francisco-based value specialist Dodge & Cox
is adding to its fund product line. The firm has filed paperwork with the SEC
to open the Dodge & Cox Global Stock Fund
. The fund will be just the fifth that the manager has opened in its history. The fund will be just its second launch this century.
As with its other funds, the new Global fund will carry no load and will be distributed directly to shareholders.The fund will carry a relatively low expense ratio for a global fund (just 90 bps.) and is expected to open to investors in late April or early May.
The filing comes on the heels of the manager's decision to reopen its Stock and Balanced funds to new investors for the first time in four years.
While one of the top selling fund firms of this decade, Dodge & Cox has developed a reputation for shunning traditional marketing and public relations efforts. At the end of 2007, Dodge & Cox claimed $235 billion in AUM.
The last time Dodge & Cox opened a new fund was in 2001 when it took the wraps off its International fund.
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